THE government will be sending a Cabinet-level delegation to Japan on March 27-28 to discuss potential partnerships for big-ticket projects in the Philippines, according to the Department of Finance (DoF).
POTENTIAL Japanese investors have noted a skills shortfall in the Filipino workforce which makes them hesitant to pursue projects in the country, the National Economic and Development Authority (NEDA) said.
THAI AGRI-BUSINESS conglomerate Charoen Pokphand Foods (CP Foods) Public Co., Ltd. has committed to expand its business in the Philippines, with plans to invest $500 million within a year, Trade Secretary Ramon M. Lopez said.
THE National Food Authority (NFA) said it is closely monitoring rice stocks in case of disruption to plans for government to government importation during the lean months.
THE National Economic and Development Authority (NEDA) through its Investment Coordination Committee-Cabinet Committee (ICC-CC) on Tuesday approved the revisions to the cost of two transport projects, the shift of financing of an irrigation project and a dam project as well as a cost threshold for projects under review.
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THE GOVERNMENT is now looking at a multi-airport approach to address persistent air congestion problems and the need to expand the capacity of Philippine gateways in anticipation of more arrivals in the medium to long-term.
TEN proposed bills — including tax reform and the emergency powers bill — have been identified as priorities by both houses of Congress and Malacañang after officials from the Senate Secretariat and the Presidential Legislative Liaison Office (PLLO) met on Tuesday.
The BIR has issued Revenue Regulations (RR) No. 3-2017 to implement the tax provisions of Republic Act (RA) No. 10693, otherwise known as the “Microfinance NGO Act.” In 2015, RA 10693 was signed into law to pursue poverty alleviation programs by encouraging underprivileged Filipinos to undertake entrepreneurial ventures that provide income security to their families. It aims to encourage non-government microfinance institutions to work with the government to pursue community development and improvement in the socioeconomic welfare of marginalized sectors through financially inclusive and pro-poor financial and credit policies and mechanisms, such as microfinance and its allied services.
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